Governance

With the share of national income going to capital having increased in recent decades, and likely to rise further, new models of company ownership are needed to reduce inequality and ensure the benefits of growing national wealth are widely shared.

The British economy is at a critical juncture. Its future success depends on overcoming two major, interrelated problems – long-term structural weaknesses in investment, productivity and trade, and the need to decarbonise. In this context, the north of England faces a particular challenge. >

With the share of national income going to capital having increased in recent decades, and likely to rise further, new models of company ownership are needed to reduce inequality and ensure the benefits of growing national wealth are widely shared.

As machines become increasingly capable of performing tasks once thought to be the sole preserve of people, some commentators have raised the spectre of mass unemployment and profound economic disruption.